4505277
Descripción
Test por anjalisingh02, actualizado hace más de 1 año
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Creado por anjalisingh02
hace más de 8 años
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Pregunta 1
Pregunta
A merger between 2 firms, within the same industry, operating at the same stage of production.
What type of merger is this?
Respuesta
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Vertical
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Horizontal
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Conglomerate
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Forward Vertical
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Backward Vertical
Pregunta 2
Pregunta
A merger between 2 firms in entirely unrelated industries.
What type of merger is this?
Respuesta
-
Vertical
-
Horizontal
-
Conglomerate
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Forward Vertical
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Backward Vertical
Pregunta 3
Pregunta
A merger between 2 firms, within the same industry, operating at different stages of production.
What type of merger is this?
Respuesta
-
Vertical
-
Horizontal
-
Conglomerate
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Forward Vertical
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Backward Vertical
Pregunta 4
Pregunta
Why do firms remain small?
Respuesta
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Gain expertise
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Barriers to Entry/Exit
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Niche-Market Businesses
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Lack of resources
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Lack of motivation
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Benefit from greater profits
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Increase sales
Pregunta 5
Pregunta
Why do firms grow?
Respuesta
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Increase market share
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Barriers to Entry/Exit
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Gain power
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Benefit from greater profits
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Avoid attention from potential buyers
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Lack of resources
Pregunta 6
Pregunta
Productive efficiency occurs...
Respuesta
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at the lowest point of the average cost curve
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when the cost of production and the demands of consumers are taken into account to maximise welfare
Pregunta 7
Pregunta
How can productive efficiency be shown on a diagram?
Respuesta
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P=MC
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MC=AC
Pregunta 8
Pregunta
Allocative efficiency occurs...
Respuesta
-
at the lowest point of the average cost curve
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when the cost of production and the demands of consumers are taken into account to maximise welfare
Pregunta 9
Pregunta
How can allocative efficiency be shown on a diagram?
Respuesta
-
P=MC
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MC=AC
Pregunta 10
Pregunta
Profit maximisation occurs where...
Respuesta
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AC=AR
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MC=MR
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MR=0
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AR=MR
Pregunta 11
Pregunta
Revenue maximisation occurs where...
Respuesta
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AC=AR
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MC=MR
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MR=AR
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MR=0
Pregunta 12
Pregunta
Sales maximisation occurs where...
Respuesta
-
MC=MR
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MR=AR
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AC=AR
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MR=0
Pregunta 13
Pregunta
Which one best describes Perfect Competition?
Respuesta
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High Barriers to Entry/Exit
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Imperfect knowledge
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Few large firms dominate
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Homogenous products
Pregunta 14
Pregunta
Which one best describes Monopolistic Competition?
Respuesta
-
Low concentration ratio
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Homogenous products
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Perfect knowledge
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No barriers to Entry/Exit
Pregunta 15
Pregunta
Which one best describes Oligopoly?
Respuesta
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Many small firms
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Perfect knowledge
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High barriers to Entry/Exit
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Unique products
Pregunta 16
Pregunta
Which one best describes Monopoly?
Respuesta
-
Low concentration ratio
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Perfect Knowledge
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Unique products
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Low barriers to Entry/Exit
Pregunta 17
Pregunta
How do you calculate Average Fixed Costs?
Respuesta
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Fixed Costs/Output
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Variable Costs/Output
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Fixed Costs/Price
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Variable Costs/Price
Pregunta 18
Pregunta
How do you calculate Average Variable Costs?
Respuesta
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Variable Costs/Output
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Variable Costs/Price
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Fixed Costs/Output
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Fixed Costs/Price
Pregunta 19
Pregunta
How do you calculate Marginal Costs?
Respuesta
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Change in Total Costs/ Change in Quantity
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Change in Quantity/ Change in Total Costs
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Change in Fixed Costs/ Change in Quantity
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Change in Variable Costs/ Change in Quantity
Pregunta 20
Pregunta
How do you calculate Total Revenue?
Respuesta
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Price x Quantity
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Total Costs x Quantity
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(Price x Quantity)/ Quantity
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Total Revenue/ Quantity
Pregunta 21
Pregunta
How do you calculate Average Revenue?
Respuesta
-
(Price x Quantity)/ Quantity
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Fixed Costs/ Quantity
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Price x Quantity
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Variable Costs x Quantity
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